Cowen analyst Matthew Ramsay raised the firm’s price target on NXP Semiconductors to $210 from $200 and keeps an Outperform rating on the shares. The analyst said its proactive order book pruning, channel management, still undersupplied auto market, and secular growth trends should help insulate the company’s model on the top line and margin strength and channel management should bode well as China recovers.
Published first on TheFly
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